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that stand to be the big winners. >>> plus, cnbc's rise above road trip continues. next stop, nevada. jane wells looking at how snaene majority leader harry reid's state is handlingle upcoming fiscal cliff. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of t
about these mlps, i am not. i think it's a buy. let's go to mark in nevada. mark. >> caller: hi, jim. how are you today? >> real good. how about you? >> caller: not bad, other than the 300-point loss. we're about 80 degrees out here. >> you have the edge on me. go ahead. >> caller: okay. well, question on two retail stocks i don't own. jcpenney and sears, they have a lot in common. i don't understand. penney's has had a good run up in share price. they both lose money. they both have negative short sales. and, my opinion, i think their business mounds are a little flat, but they do own part of the real estate. are they overvalued? and the big question is what would the share price be of each company if you just base it on the value of the real estate? >> you have to believe that retail is going to really come roaring back more than it has. i want to avoid both of them. i don't think hereto -- either one is what you need. let's stay away from both of those and stick with quality. let's go to thelma in north carolina. >> caller: hi, jim. how you doing? >> all right, thelma. how about y
when obama took office. up 9% in denver. up 14% in san francisco. in las vegas, remember, nevada, a crucial state here, they're still down nearly 24%. in miami, florida, down nearly 6%. and in chicago, down 10%. the question is historically has a president ever won a second term with falling home prices. the median price of a u.s. home never actually fell before the end of 2006 nationally. sure, there were local and regional home price crashes but never on a national level. now, if you compare october 2012, which is the last month of data we have from the realtors, to october 2008, the median home price nationally, the median, is down 1.4%. but a lot of that has to do with what's selling today, which is a lot of low priced foreclosures and short sales. we have more on this the blog realtycheck.cnbc.com. >> thank you so much. where do housing experts think home prices will be in four years? does it matter who wins as to which way they go? >> chiming in, david of mortgage banking solutions. christopher thornburg of beacon economics and diana will stick around as well. christopher,
about phoenix or nevada, that may be true. >> sales are improving. starts bottomed, construction industry is hiring more people. we're a long way from where we were in 2006 but there's definite signs of bottom coming off the market. >> i don't see it yet. >> the fed chairman said we weren't out of the woods. we'll leave that debate where it is for a moment. rick san tell sli in chicago. >>> thank you very much. if you look at intraday of 10s, we're only a basis point under unchanged but well off our high yields of the day. a lot of this is israel. might not be affecting oil but it is most definitely affecting traders and safe harbor trades. looking at august chart, can you clearly see where two-month low yields on the verge of maybe three. same could be said for the 30-year long bond. now let's switch gears a bit. when it comes to what's going on in the marketplace, maybe we better pay a whole lot of attention to what's going on with the dollar/yen. the dollar's rallied almost 2.5% just in the last two days. you could clearly see these are the best levels in the dollar since apri
the president of the united states is leading in swing states like ohio, new hampshire, colorado, iowa, nevada, wisconsin, all those are critical. mitt romney's only leading in two of the swing states, we're talking about florida with 29 electoral votes, and north carolina with 15. you add those together to the base states that mitt romney has. that only makes 235 electoral votes. president obama with 303. that doesn't mean mitt romney cannot win. he's very close in some other states. in colorado, for example, in new hampshire, he -- but he's going to have to make up a lot of ground in a lot of places to get there and the last swing state polls we showed showed six. point lead in ohio. two-point lead for the president in florida. one-point lead in virginia. big hill for mitt romney to claim clitomorrow night. >>> let's go to the finance.yahoo.com poll. the aftermath from sandy. do you think the pace of the recovery will help or hurt either candidate? go to vote at finance.yahoo.com. josh, do you think at this point the voters especially in our north carolina of the woods will use this storm as
are investors taking a gamble in nevada? >> there's not a lot of confidence out there now. rise above road trip, continuing coverage throughout the day on cnbc. >> welcome back to "squawk on the street," as we count down to the breaking news due out at the top of the hour, impending home sales are down. the price target now stands at 16 bucks a share, they are optimistic as we come to the january launch of blackberry. don't take into account the positive tail wind that blackberry will have. we have had a number of analysts out there recently who have raised their price targets as well as estimates and ratings. >> okay, let's get some breaking news now, on home stats. >> good morning, simon, we're here outside bankruptcy court in white plains new york for the latest in the saga of the hostess bankruptcy. liquidation, now the courtroom is reconvening to hear arguments about whether some 19 hostess executives should be getting a retention payout of $1.75 million, these so called bankruptcy bonuses. the interest is not necessarily the amount of the payoff going to the executives, but the fact that
year but probably safely in the obama camp. the one place you might want to look here, nevada, florida, north carolina and virginia. those are all potentially in play because they had some improvement in the unemployment rate and if that had not been there, they might have been for romney. i would like to give you a definitive answer. you have the level of unemployment and you have the change. that's what makes this a horse race, simon. >> it's fascinating to see that the way you slice and dice going into the election whether it's turnout or amazing. steve, thank you very much. as the race for the presidency enters its final lap, what about concerns of small businesses? we'll put them on the television next going straight to the source and sitting down with co-founder and co-ceo of warby parker. they make glasses online and they'll open the first store in manhattan very soon. see what they have to say. interesting take. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores
and made sense he would go up and buy up single family homes. he'd do it in florida, arizona, nevada, that was the argument. >> i think the mortgage market has to come back for the residential end user but i'd buy some land divisions, lot developments that will make sense over the next couple of years. >> behind the curtain of the commercial business. >> steven and i were talking a minute ago about retailers and e-commerce and we see a big impact from e-commerce when we buy a shopping center, we have to pay attention to our cost basis so that retailers who come in and occupy that space will have the ability to compete against e-commerce and do well and protect their profit margins so we're seeing retailers absorb. >> can they get there? >> they can. >> because they'll always have that nut. >> it depends what retailers. >> and the internet price is going to pivot off the bricks and mortar price. >> it depends what retailers. some soft goods. you look at the auto parts retailers and the dollar stores, those are neighborhood locations that just cannot be replicated via e-commerce so som
ohio, wisconsin, nevada, that mitt romney cannot get to 270 electoral votes without taking a very, very unlikely state away. so this is a very important place, just as ohio is important to president obama, and the closing argument that mitt romney is making is the one that has been his go-to for the entire year, which is look at the record, look at what barack obama said he was going to do, look at what he's done while the president is trying to make a recovery case, we're on the right track, the mitt romney argument is we haven't gotten where we need to go and he's going to be making that all weekend. >> people on the floor trying to look at the effect of the storm and the recovery on tuesday. is it possible that because in the northeast states that are normally blue, have lower turnout, the president actually does win on the electoral vote but the governor wins on the popular vote? >> reporter: that is possible. it's very -- you have to say it's very unlikely by looking at history at how few times that's happened. but we have an extremely close popular vote race to judge by the nation
and keep on going. in nevada they made up 40% of october sales up from 34% a year ago. that according to lps home price index. now bank of america alone has done over 100,000 short sales so far this year. and i spoke to a rep there who says they are well aware of the potential looming tax risks as are their customers. they say they would love to ramp up short sales but they're already doing them as fast as they can. i ask what happens if the tax relief is not extended? the source told me i would expect we start to get more customers saying i've talked to my tax adviser and i'm going to opt out of that short sale and we'll just take it to foreclosure. and, carl, that is exactly not what we want to hear as this housing recovery is really just gaining steam. >> wow. in your opinion diana would we start to see that, the impact in sales of existing and starting in january? >> well, starting in january you would start to see those short sales go away and that would mean more homes would go to foreclosure. short sales have really been saving this market keeping people out of foreclosure and
Search Results 0 to 9 of about 10